Permanent Custodians Ltd

RE: PERMANENT CUSTODIANS LIMITED
    EUR 580,000,000.00
    MATURING: 10/Nov/2033
    ISSUE DATE: 12/Nov/2002
    ISIN: XS0157859348

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
10/May/2006 TO 10/Aug/2006 HAS BEEN FIXED AT 3.116000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 10/Aug/2006 WILL AMOUNT TO:
EUR 189.77 PER EUR 23,830.85 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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